Foreign News: Premiers' Conference

The substance of the meetings between Herriot and MacDonald (TIME,
June 30) and Herriot and Theunis (TIME, this issue) was the
reiteration of and the adherence to a recent York speech of Premier MacDonald
of

Britain, an important passage of which is:

"We will say to Germany: 'If you are going to accept the Dawes and
McKenna reports, we will take you at your word. We have no preparations
to meet any default on your part. If after this solemn obligation you
do default, then we and our Allies will be closer than ever. We...